Royal Boskalis Westminster (Boskalis), a global service provider operating in dredging, maritime infrastructure and maritime service sectors, will target cost savings about 30 to 35 mill. €. To reach this, up to 230 jobs will be reduced.
That is the result of a study into the cos[ds_preview]ts of its head office organization. The reason for the study is that Boskalis is impacted by the negative market developments, mainly as a result of the low oil price. Initial steps to respond to this were taken last year with the announcement of a fleet rationalization and cost reduction program. A significant part of the fleet rationalization program was already implemented in 2016 and an impairment charge was taken on the offshore fleet and goodwill.
As another result of the measure around 230 employees will be made redundant at the head office in Papendrecht. The reduction will be absorbed through attrition and redeployment where possible, but compulsory redundancies cannot be ruled out. Boskalis has requested the formal opinion of the Works Council with regard to this intended decision the company informs.
The restructuring is part of the Corporate Business Plan 2017-2019 that Boskalis presented at the start of the year and will be implemented in the next 18 months.
